The First 12 Hours of a US Dollar Collapse
Not a bad little docu-drama about the onset of a US dollar collapse. There are a few inconsistencies, I believe some of the fictional “market moves” depicted would not occur because gap limits would kick in and suspend the trading session. I also believe that a 1700 point drop in the DOW would trigger a banking holiday as opposed to a 2-hour trading halt.
But that said, this is the scenario nobody thinks is possible but really at the end of the day, it’s not like the US can print money and live on debt forever right? So when something cannot go on forever what happens when it stops?
Tags: gold, panic, US Dollar
Economic Collapse — Why It Won’t Be Stopped
I found this on Youtube, at first glance I figured it for one of those rants from a “tin foil hat” nutter but it’s actually quite well done and poignant.
Tags: Economic Collapse, NewAmericaNow
Adbusters: How To Reboot Capitalism?
For some reason I’ve always had a soft spot for Adbusters, despite the obvious socialist leanings. Probably because they are aligned against the same forces we here at Wealth.net are: the monetary elite and the crony capitalists. Further, the “anarcho” part of us anarcho-capitalists means that other people can subscribe to whatever kind of social(ist) structures they want.
As long as participation occurs out of mutual consent, then there is nothing wrong with socialism. It is when socialism is imposed on all from the outside (or above) “for the greater good” that we wind up a thinly veiled fascism that only serves to perpetuate a self-appointed elite under the guise of “the State”.
I picked up the latest Adbusters this weekend and was surprised (pleasantly? I’m not sure…) to see a full page montage under the banner “How To Reboot Capitalism” – which incorporates the slogan for this website. Their action plan in bullet points: Read more…
THE INVINCIBILITY OF IGNORANCE?
Let us begin with two rhetorical questions, statements which do not really require an answer because it is implicit in the question. Is there anyone out there with access to any rudimentary form of news – mainstream or otherwise – who did not expect Mr Sarkozy to be beaten by Mr Hollande in the second round of the French elections on May 6? Is there anyone out there who did not expect the Greek elections to result in political chaos with no party or viable coalition of parties able to form a government? Read more…
Lemonade Stand Economics Vs. Keynesianism
“I tried to figure out what made a public company different.
Here is what I came up with — the central bankers of the world, all acolytes of Keynes, have decided that it is the P in PE that brings wealth when we all know, as business people, in a normal environment it is the E.
This has created such an intense group of booms and busts that executives and boards see themselves as Bubble Riders, searching the capital horizon for the next bit of Animal Spirits- driven speculation to send their stock skyward. This seems easier than creating a good and sustainable business that offers a return to shareholders, regardless of the current PE the market offers. Why create a business where there is a cost of capital when you can create one where capital is as free as hot air?”
Aram Fuchs of Fertilemind Capital in NYC sent me his annual letter to shareholders. What a great read. Rare are the fund managers (and business owners, and CEOs, and investors) who actually look at business “the old fashioned way” – as a way to earn sustainable profits over time (as opposed to looking for fast buck liquidation events and growth at any cost strategies).
Read Lemonade Stand Economics Vs Keynesianism
Trading By The Numbers
The first thing about modern markets, the thing that must never be forgotten, is that most of the “trading” which goes on in them is untouched by human hands – or brains. To an overwhelming extent, modern markets are “automated”. By “automated” we mean that at least eight out of ten (some estimates put the ratio higher) of all transactions are controlled exclusively by means of computers and the programs built into them. The numbers – sourced from government departments or from the central bank – are plugged into the programs and the programmed “actions” are taken.
Read more…
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Recent Articles
- The First 12 Hours of a US Dollar Collapse
- Economic Collapse — Why It Won’t Be Stopped
- Adbusters: How To Reboot Capitalism?
- THE INVINCIBILITY OF IGNORANCE?
- Lemonade Stand Economics Vs. Keynesianism
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